Ayala Pharmaceuticals Inc (ADXS)

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This is nothing but HFT shock and awe directed towards retail longs. While you have some retail longs selling and stop losses being taken out, there is also an equal amount of buying and covering going on.

Any news yesterday besides "We have a partner, this is the big upfront payment" was clearly planned as a reason to attack the stock. Well, they got their chance.

While I am truly skeptical that the company is helping out their major investors cover their short, who might have been shorting against the box until major positive news released, it is not hard to leap to that suspicion. After all these years, the company ought to know that the shorts attack anything appearing vague. Having said that I suspect that a deal is much closer than many think.